Should you go into business?
7 Advantages of the Franchise Business
Business owners are happier, statistics show, than people who work for someone else. The reasons for this are not completely clear — usually that question is left to speculation after the report of the research results. Here are seven great things about being in business for yourself that might be…
Franchise Owner Happiness: New Research
It’s been clearly shown and it’s widely known that business owners are usually happier than employees. More detailed research looks more closely at the factors that make business owners happier. A Wall Street Journal review of 21st century research wasn’t focusing on franchisees, but experience shows that the factors the…
Franchise Success: Who’s Responsible?
As you research franchise business opportunities, you have some specific questions in mind. Some may be unique to you, but nearly everyone wonders, “Will I succeed? Will I make money? How much will I make?” Success and security are on your mind because you’re making an investment. You’re choosing…
Rich Habits for Franchisees
In his popular book, Rich Habits – The Daily Success Habits of Wealthy Individuals, Tom Corley tells how he spent five years studying hundreds of rich people and poor people, in search of the secret of financial success. It’s fair to say that franchisees and people planning to invest in…
Can You Run a Franchise As An Absentee Owner?
Quite a few franchise businesses can be run either as an absentee or executive owner, or with a part-time commitment. So, if you currently have a full-time job, would it make sense to keep your day job and work your franchise on the side until it’s earning well enough to…
Franchisees Gain Advantages of Self-Employment
We know that franchise businesses are important in the U.S. as employers — about one third of all the revenue in the U.S. flows through franchises and one in 16 American workers is employed at a franchise. But ownership is not the same as employment. And that’s a good thing…
One Business Owner’s Story
In 2008, as the recession deepened, the store I had managed for 15 years went bankrupt. My husband and I had four kids to support, including two in college and a high school senior who had his heart set on attending a small liberal arts college (read “expensive”) just like…